Nationwide has provided a crucial update regarding the £175 payment for its customers.

Hey there! Are you looking for some extra cash this holiday season? Well, look no further because Nationwide has just announced a new opportunity for customers to earn £175 by switching to them. That's right, the UK's biggest building society is offering this generous cash payment to new customers who choose to switch during the festive period.

But before you get too excited, there are a few things you need to know. First off, this offer is only available for a limited time, so you'll want to act fast. Nationwide hasn't specified an end date, but you can easily check if the offer is still valid before applying. Just head to their website and see if the switch deal is still up for grabs.

In order to qualify for the £175, you'll need to switch a non-Nationwide bank account that has at least two active Direct Debits to Nationwide. Don't worry, your old account will be closed during the switch and Nationwide can take care of that for you if you choose that option. But here's the catch - within 31 days of requesting the switch, you'll need to deposit at least £1,000 into your new Nationwide account and make a purchase using your debit card. Keep in mind, some transactions like gambling won't count, so be sure to check the terms and conditions.

It's important to note that the switch must be completed within 28 days to be eligible for the £175 cash offer. But don't worry, there are several Nationwide accounts that qualify for this offer, including FlexPlus, FlexDirect, and FlexAccount. And if you already have one of these accounts, you can still switch your non-Nationwide account and earn the cash - just log into your internet bank to get started. Of course, you'll still need to meet all the other qualifying criteria for the offer.

Bank switching deals have become quite popular in recent years, with many customers taking advantage of multiple offers by switching multiple times. However, banks are now catching on to this trend and making it a bit more challenging for seasoned switchers to do so. But don't worry, there are still other banks like first direct and Santander that are currently offering cash switching incentives as well.

For more information and the full terms and conditions, head over to the Nationwide website. Ready to make the switch and earn some extra cash this holiday season? Don't worry, Nationwide has got you covered. Just follow the simple steps and you'll have that £175 in your bank account before you know it. Happy switching!

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